James Corbett appears on The Gary Null Show for a detailed conversation on the history, function, and future of The Federal Reserve system. James and Gary discuss the history of the Fed as detailed in Century of Enslavement: The History of the Federal Reserve, dissect the Fed’s role in creating the financial crisis as it exists today and point to the real solution to this crisis.

Comments (38)

It is for me always mind expanding when I read or watch your mental financial contributions @ your I-page, because your economical shares increase always my awareness on banksters and their psychopathic political slaves like Obomber and Trump Dump.

In this episode you show the US Debt-Clock with the mind-boggling $ 20 trillion US debt, which is generated and accumulated by the Democrats as well as the Republicans. But I also asked myself, where the Debt-Clock data come from!!! So I plugged into the World Wide Web. I plugged old school style into the net, thus with a PC and not with a chip in my body or some other trans-humanist device and searched where the data of the the US Debt-Clock comes from and this is the result:

“The data plotted on the US Debt-Clock is taken directly from the White House web site published by the United States Department of the Treasury and plotted without modification on the US Debt-Clock.”

But I don’t trust governments just like you señor James, thus also not data which is taken directly from the White House web site. And according to Laurence J. Kotlikoff, a Professor of Economics at Boston University, the US national debt is much(isimo) higher than is officially reported.

To be honest, I used Google as search engine, thus is data above mentioned able to be relied on as truthful………… But 20 trillion dollars or more the amount of debt is almost unbelievable and mind-boggling.. And a fellow gangsta of Trump Dump the New York real estate developer Seymour Durst invented and sponsored the clock….

That was typically inquisitive of you, Pablo, to ask where does that number come from. I’m not surprised it comes from the white house, makes sense after all. They are the one directing this thriller, it’s their asses the data should be pulled out after all.

Mike Maloney does a good job with his “Hidden secrets of money” on the topic of demystifying the matter bankers like the keep as murky as possible. Because only an economist which sold his soul to the devil can understand, not us plebs.

I’ve been busy these days on following the local scene. The government is trying to push through a real estate tax, which is an extremely sensitive topic, even if we already pay 50+% tax. There’s a lot of mud slinging going on, all the establishment whores are showing their goddamn faces and people seem to be more agitated than ever.

They have also recently made some law changes soothing evictions and foreclosures, so the plank has been oiled and is as slippery as it has ever been. About 10% of the public have their bank accounts blocked, thanks to the prowess of the “financial agency.”

A few years ago something similar passed in Serbia and people are apparently paying a lot to keep property that was rightfully theirs to begin with.

I wish you good luck and a lot of wisdom with your violent-less battle against your government. Maybe you have to design and built a ship and sail around the world amigo or meet people from other cultures. That’s why I still live and can survive with pleasure in Amsterdam, because the huge amount of different cultures and not all Dutchies are brain death zombies and not all of them behave servile towards the Dutch royal inbreeders. Only what worries me now, is that a lot of fellow humans in Holland become indifferent towards important issues. Like the stories of whistle-blowers is for much of them not so important anymore and they say, yet another whistle-blower, but nothing changes, thus they also don’t care anymore. Also because it isn’t a great interest to them personally.. They will care again, when it will be personally for them, but maybe than it will be to late for them or they finally will wake up.

If I do construct a ship, it will be used to house all of these technocratic whores and send them on their marry way. While I do appreciate the importance and value of travel, this is my goddamn country too and I’m not running from these bourgeois assholes.

The whole planet is my country, because borders are invented by the kakistocracy. But I understand what you want to say and when the whole world will be ruled like in your country and which is the main goal of the NWO, I will built a spaceship and you are always welcome to travel with me through the universe estimado amigo..

Same deal. Load up globalists on the space craft and launch it into space. The vehicle would be cheap, without any returning or security equipment nor sustenance devices. Why should we HAVE to go anywhere?

When I worked in stocks (which is why I have no soul today, since I had to sell it to get my licenses), I was interviewed by a bank to manage their funds. The interview started for me to run a single bank, but ended with an offer to manage about five of them. It’s been a while, so the numbers are vague now. Banks are the worst place to buy stocks (and all are horrible, what with bots and people like I was) because they always put their losers in their customers accounts and keep their winners. Oh yes, trust your local multi-national banker. Jim, in Fluoride-a still, and still out-running the zombies! Yay, yay, yay!

My first job as a stockbroker was selling stocks that didn’t exist. If you ever watch the movie “BoilerRoom”, listen to the director’s commentary. I was the person they described in that one. Much worse than the movie characters. Went legit later, but it is all so horribly felonious that I left the entire field.

Jim,
Thanks for the skinny.
ha!…I remember in the late 80’s getting taken over time by an options broker and eventually losing about 18k. I was so naïve.
Gold was having a run up during this time. Newspapers were the common source for information. Dog gone…I remember one of my last trades… I told the broker I wanted to buy ‘heating oil’ and forget the gold. I felt like heating oil was gonna go high. We argued and argued. He finally persuaded me to buy gold options again. I would had made 100k on the heating oil. Instead, I watched my funds fade away.

One thing about ‘trading’ which is ugly.
When someone loses money, someone else gains.

Yep; once you give a broker that check, it’s their money, not yours. We used to have a saying: “3 people stand to make money on any trade: The firm, the broker, and the client. 2 out of 3 ain’t bad.” Even if we didn’t have the regs (which protect the companies and investment firms) and we got rid of the SEC (which is deliberately mis-used to give the appearance of integrity, without any substance), and even if we got rid of the trade-bots (which have made the market even more of a lottery), I wouldn’t invest in it. Simply because I would rather invest in myself than in someone else. A well-managed, aggressive portfolio will net you about 14% per annum. I can get better results than that by investing in myself. Now maybe if I were a billionaire….. But then again, I would just skip Wall Street and just buy the company like Warren Buffet does. Wall Street has always been a con. But today, it is a nightmare. For years I used to get the Investors Business Daily. It was a very good newspaper for stocks/bonds and the like. A few years ago I picked up a copy of one and it was pure filth. Just political garbage and all the fine reporting thrown out the window. They even took out my favorite section, which was the “Who got busted” section. Hmmm, wonder why? Glad you enjoyed; Jim

I consider the ‘US UNFUNDED LIABILITIES (GAAP)’ [bottom middle] to be a bit more realistic than the published 19.9T [top left] that we all hear from MSM. For the 107T data point, the source apparently is the US Treasury. But I also feel this 107T is too low and most likely much higher than this!

Brief Historical time-line of slavery, serfdom and the monetary system. Not saying if its good or bad or in between, just told from a historical perspective.

Banking during Roman times was a little different from modern day banking, because most banking activities were conducted by individuals not banks. Almost all moneylenders in the Roman Empire were private individuals, anybody that had any additional capital and wished to lend it out could easily do so, and did so with interest /or usury.

Sometime after Roman Emperor Constantine converted to Christianity, Christianity become the official religion of the Roman Empire. The First Council of Nicaea, in 325 A.D. forbade clergy from engaging in usury.

During the Middle ages, European Christian Monarchs did dabble from time to time in the practice of usury in order to finance their “Holy wars”, but for everyday Christians they were banned from lending money at interest. Progress was still very slow, and the quality of life for most people was still poor.

The ancient world had a very high child mortality rate, about half of all children died before the age of 10. If they were lucky enough to reach 10 years of age, then on average they lived into their 40’s or 50′.

By the time of the Reformation, in the 16th century, Protestants declared that “interest was acceptable as long as it is not excessive”. The Catholic church did not until 1830.

Following the American and French revolutions, people freed themselves from both the clutches of the Catholic church and the Protestant King of England. I believe this to be a turning point in human history, a time when humanity began to prosper. Slavery was slowly being abolished in Europe, however women weren’t allowed to vote or work outside the home, but still a turning point none the less.

The age of enlightenment and this new found freedom from the Pope and King, led to incredible technological advances, such as electricity, telephone, locomotives etc, which eventually led to the industrial age.

The First Bank of the United States (1791–1811) and the Second Bank of the United States (1817–1836) each had a 20-year charter. It wasn’t until President Andrew Jackson vetoed legislation to renew the Second Bank of the United States, which started a period of free banking in the US, which I believe created the economic conditions which led to the civil war.

Decentralization between banks contributed to the growing gap between the industrial North and the Cotton picking South. Furthermore, during this time, Northern states had already abolished slavery, which created an even greater divide between the North and South.

After the civil war, the abolishment of slavery in the south and the end of Confederate Treasury Notes, America entered the reconstruction period. From 1865 until 1912, the United States expanded its territory, thanks to the Transcontinental Railroad. The Federal Reserve Bank was created a year later in 1913.

*Important to note here, is that America has not experienced civil war since 1865 (almost 200 years), although I’d argue that it has since become an Empire and is no longer a true Republic.

Following the Roaring 20’s, the financial collapse and the great depression, President Franklin D. Roosevelt signed Executive Order 6102 in 1933 “forbidding the Hoarding of gold coin, gold bullion, and gold certificates within the continental United States”.

Refrigeration, modern medicine and FDR’s “New Deal” helped lift millions of Americans out of poverty during the depression and provided banking safe guards such as Glass-Steagall and introduced Social Security for an increasingly aging population. People were now living 20-30 years longer than they did during ancient times and/or the middle age.

Following WW2, the allied nations (except Russia and China) agreed to the current World Order (Bretton Woods Agreement), an agreement which made the US dollar the sole World Reserve Currency. (added caveat, is that the US paper dollar could still be converted into gold)

The 50’s and 60’s are probably going to be regarded as America’s golden years.

Bretton Woods worked rather well up until 1971. It wasn’t until Nixon stopped convertibility of the dollar into gold (Nixon Shock) that debt started to skyrocket out of control with runaway inflation, and to make matters even worst the US partnered with Oil rich Arab States, essentially creating the petrol dollar.

So here we are today, at another crossroad in human history, where some Americans are calling for the abolishment of the Federal Reserve Bank and an end to FDR’s New Deal in America, which could lead to another civil war. Whereas globally, countries are slowly moving away from the US dollar.

All of this is happening at a time when China is emerging as a global financial and military power. Meanwhile we can probably expect a clash between the Muslim Sharia banking system with the Western Usury banking system (I think Libya is a good example of this clash of civilization for monetary supremacy).

Add B.R.I.C.S and other emerging nations into the mix, and my guess is, there will be a new cold war or hot war between Western Usury and Muslim Sharia, or maybe cooler heads will prevail and a multipolar world order will emerge.

Bankers didn’t exist in Roman times, its a mod label often applied (inappropriately) to ancient money changers. The ancients were well versed in each of the three basic money lending modes – interest free, simple interest and compound interest. Only loans issued with compound interest repayment plans are usury. All ancient communities recognized the socially corrosive effects of compound interest, and the Roman statutes forbidding it (called de usura) date back to the 4th century BC. Besides the building of the famous empire, beginning in the same century, the chief feature of the history of the Republic was the constant struggle to enforce the anti usury laws against the ingenuity of wealthy citizens with spare cash to loan to ignore or evade them. Really this was a struggle within the ruling classes between the normal folk who wished to see reasonable and socially responsible legislation obeyed and the psychopaths focused on profit at any cost. But in any case the famous hostility of organized Christianity to usury for nearly two millenia was fundamentally rooted in this very old and notable Roman legislative effort and is one of the defining foundations of western civilization. Quite in abeyance today because current political and economic structures rest on the bedrock of usury in the service of gangster cliques invested with hereditary control of money creation privileges.

Gary Null mentions that the derivatives market is $ 426 tn (trillion) and for me personally these are all speculative dollars and based on debt, so double fake (digital) paper. Due to that derivatives are used for speculating and hedging purposes. Speculators seek to profit from changing prices in the underlying asset, index, or security. For example, a trader may attempt to profit from an anticipated drop in an index’s price by selling (or going “short”) the related futures contract. Derivatives used as a hedge allow the risks associated with the underlying asset’s price to be transferred between the parties involved in the contract.

But according Wolf Street is the amount of speculative dollars in the derivatives market now $500 Trillion and according to activist post it is even $1.2 Quadrillion (Quadrillion is a mere 1,000,000,000,000,000.)

When the derivatives market is $1.2 Quadrillion or $0.5 Quadrillion, which is all speculative worthless financial mierda del toro, and derivatives bubble will burst and you just listened well to what señor James said about the money masters, you should know now who will bail-out the capo di tutti banksters and their money capi. And not with money, but with slave labor

“Money is numbers and numbers never end. If it takes money to be happy, your search for happiness will never end.”
― Bob Marley

Hola Pablo! Those numbers sound so scary, but what are they really? Just numbers. And numbers, like names, will never hurt me! I think the problem is that people believe we will need to rely on those who caused the problem to solve the problem. And that we will have no choice about the matter. I find that hilarious! Of course we have a say. This doesn’t have to be slavery; it could just as easily be freedom. Cheers, your friend who is a bit winded from outrunning the zombies, but is still ahead of them! Jim

Those bankster’s numbers just like western Big Pharma medicines are harmless as long you don’t use and swallow them. But as you also now, their are still a huge amount of fellow humans who think that this evil shit is beneficial for them and are not aware that this toxic shit has huge unhealthy side effects for their body and soul. But I never ever will give up and consistently share my knowledge like

This is true, but in a collapse of their fake money; many more people would be awakened. It only takes a small percentage to make a huge difference. Mostly because most people have always been asleep at the wheel and just sleep-walk through life.
I am curious about one thing in this banking scheme. There is an agency called the Currency Stabilization Agency, which is part of the Treasury Department. It was the one initially funded through the confiscation of private citizen’s gold by the great con artist FDR. From what little I know of it, it is supposed to set the agenda for the FED. In a sense, the bankers DO work for the government; though of course they profit mightily from the debasement of the currency. Does anyone here know anything of this agency? Adios, Jim; who is still trying to get his zombie kill of the week in fluoride-a!

The All the Plenary’s Men video is a masterpiece of the producers just like their other video:

The Veneer of Justice in a Kingdom of Crime

Summary.

The criminal global banking cartel has effected a coup d’etat in the U.S. This is why the same criminal financial elite that saw 1000 of its members go to prison 20 years ago (after the S&L crisis) is now above the law.https://www.youtube.com/watch?v=eHgbRYgpGGs

And the financial criminals at Wolf Street are also protected by Politicians like the socialist fascist mass murder Obomber,

And who still believe in the left-right paradigm, Trump his administration is also filled full with financial gangstas in three-piece suits and they also sing the same kakistocracy song.

— Meet the Neocons, 9/11 Criminals and Goldman Bankers On Team Trump —
The voting machines have decided who will be the next puppet figurehead of the Pax Americana deep state for the next four years. The circus is over and the peanut shells are being swept out of the stands. So what do we have to show for all of it?

— How Trump Filled the Swamp —
With promises to “drain the swamp!” still ringing in our ears, we have watched Trump appoint nothing but Goldman banksters, Soros stooges, neocon war hawks and police state zealots to head his cabinet. Join us this week on The Corbett Report as we examine the swamp-dwellers with which Trump has filled his swamp.https://www.corbettreport.com/how-trump-filled-the-swamp/

— Trump Fills The Swamp With Steven Mnuchin —
Trump has named Steven Mnuchin as his Treasury Secretary. So who is Mnuchin, and what does his background tell us about his ideology and what kind of administration Trump is assembling? Today we talk to Michael Krieger of LibertyBlitzkrieg.com about Mnuchin’s career, his Goldman Sachs and Soros ties, and his shady business practices, as well as the other people being appointed to helm the Trump White House.https://www.corbettreport.com/trump-fills-the-swamp-with-steven-mnuchin/

Hi James,
You touched on the history of the Fed and its one hundred year history. In your doco on the Oiligarchs you mentioned how various banking agreements and institutions were put into place shortly before the beginning of the First World war, a blood bath which led to the demise of the Austro-Hungarian empire. As the thousand year Hungarian Kingdom was made and kept prosperous due to its large Gold and Silver reserves and was at one stage the largest country in Europe (perhaps due to the fact that it was one of the first countries in Europe) I imagine that the continuation of this old Empire would have been a major impediment to the establishment of a money system which is not backed by precious metal.

I would love to hear your (or your readers) take on this important aspect of European history as the reasons given for the commencement of the war do not add up. The truth of his matter must be an important piece in the puzzle.
Part two of the Oiligarchs would also be incomplete without it.

I would want someone else to tell me. So I am telling a story.
Here is a story…
A couple summers ago in the hot, humid 100 degree heat of near east Texas, Gary had a health retreat. $2,000 cost. The retreat was designed to regain health in addition to revealing new found secrets by Gary Null about health and curing cancer. Joyce Riley attended as did people from all around. One lady sold her truck so she could go. People took off work to go.

In the promotion of the event, it talked about all fresh organic foods and nice accommodations (bamboo sheets and aesthetic rooms). Mineral baths.

Some folks who arrive, despite their reservations, find out that they will need to get a room at the town’s Best Western.
It gets ongoingly worse.
The food was canned beans and other canned items. No fresh foods.
The mineral bath pool was being refilled with a garden hose from City water.
Ate outside in the heat. No talking allowed during meals.
The first day’s talk was stuff about the frauds which everyone knew, so many were disappointed.
And his talks continue in this vein, but with lots of bullying and strong intimidation if anyone shows any negativity (because people are questioning all the bullshit). Gary Null threatens to ruin the life of anyone who says something like what I am saying here.

Another aspect to all this… Around prior to this time, Power Hour Joyce Riley had recovered from a cancer-health issue. Evidently, an electronic device which helps with the atomic-scale vibrational alignment assisted Joyce in her recovery. (I own a small pen-size version of the device.) Gary Null had given others the impression that he was the primary source for this “secret”, for this application. But that was a deception. He had only rented the machine.

There were other bullshit type things which occurred. Some people confronted Gary about this stuff. One of Gary’s aides said that Null was so upset by confrontations that he stayed in a fetal position for much of the evening.

About my above statement. I hate making statements like that. It is hard for others to verify. It is like gossip. If I am lying, it could cause undue harm.
So please, don’t rush to judgement just because I tell a story about another person.
I recommend filing it away, like you would file an electric bill.

If that story is even 50% true it’s a terrible affair and a black stain on this man’s resume. And I wholeheartedly doubt you’d spike any part of a story like that. So icky stuff is on Null.
2000 a pop makes it totally believable.

While James’ research and publications on the US central banking cartels are interesting and informative, more could be done on two important features of the early period ; how and why pro central banking foreigners like Gallatin and Hamilton acquired the influence that they did (especially Hamilton in view of his extreme youth and inexperience). Secondly the permanent embedding of private bank money creation privileges at the state level. This seems never to have been challenged though it was obviously pretty important in how Americans came to understand money and tended to legitimize usury and money creation privileges as the normal prerogatives of small private cliques among them. Even in the current federal reserve system the state bank of New York has always held a preponderating influence ; it was one of the earliest banks in the US and with a Roosevelt or two among its founders.

There may be links here with James Perloff’s notable research focused on the US based terrorist groups which fomented the American Revolution without any genuine cause of grievance, as one important effort (though only one among many) to turn all the New World colonies against the European monarchies which had established them and organize a new international power structure based on usury, private money issuance, business & trading corporations as civic entities and misinformation (above all the selling of terrorism and rule by hereditary gangster cliques as democracy).

It drives me crazy every time I hear it. 100% of our money is debt. Not 90%, not 97%. 100% of our money is debt. There is not a “sliver” of debt free coins out there. How do coins come into circulation in Japan? Do they drop the debt free coins out of helicopters? In the U. S. the mint makes the coins, then sells them to the FED at face value. The FED sells them to commercial banks at face value. The only way one can get coins is to go to a commercial bank and give them checkbook (debt money) in exchange for the coins. So coins are still just another representation of debt money. There is no such thing as debt free money.

Why on earth did you only say that peer-to-peer technology that makes the banks irrelevant exist? (around 41:xx m:s) Why didn’t you just name that technology: Distributed ledger technologies or blockchain technologies in other words crypto-currencies (and smart contracts) implemented for instance in bitcoins and etherium. You yourself accept bitcoins as payment…!
And because there will ever only exist 21 mill. bitcoins it cannot be manipulated and inflated as ordinary fiat money.

Uh, don’t know much about bitcoin, but I do know it has already been manipulated. Somebody cornered the market on it, drove up the price, and then dumped them. Happened a couple of years ago. Anything can be manipulated. That’s the core of progress!

Second listen. This is one of your better podcast appearances James Corbett. Very informative.

My feeling is that ‘the powers the shouldn’t be’ will continue the illusion of “prosperity” for as long as it remains possible.
I can already see how the masses are falling into the place of the old voting habit for the lesser bad people stalling any real political change in America.

We “Corbetteirs” can see beyond but the illusion is so strongly conditioned in the people that for the average person to really look is too scary for the masses.

Even this summers disasters like Marie, CA fires, Irma and the hurricanes are only having a minimal effect on the consciousness. Keep up the good educational works! You are needed more than ever!